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Goodwill and Acquired Intangible Assets
6 Months Ended
Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Acquired Intangible Assets

Note 7 — Goodwill and Acquired Intangible Assets

During the six months ended September 30, 2023, the increase in the Company’s goodwill primarily related to the Inmarsat Acquisition (see Note 4 — Acquisition for more information) and foreign currency translation effect recorded within all three of the Company's segments. During the six months ended September 30, 2022, the decrease in the Company’s goodwill relating to its continuing operations primarily related to a foreign currency translation effect recorded within all three of the Company’s segments.

Other acquired intangible assets are amortized using the straight-line method over their estimated useful lives of two to 20 years (which approximates the economic pattern of benefit). Amortization expense related to other acquired intangible assets was $81.4 million and $7.4 million for the three months ended September 30, 2023 and 2022, respectively, and $109.2 million and $14.9 million for the six months ended September 30, 2023 and 2022, respectively.

The expected amortization expense of amortizable acquired intangible assets may change due to the effects of foreign currency fluctuations as a result of international businesses acquired. The current and expected amortization expense for acquired intangible assets for each of the following periods is as follows:

 

 

 

Amortization

 

 

 

(In thousands)

 

For the six months ended September 30, 2023

 

$

109,185

 

 

 

 

 

Expected for the remainder of fiscal year 2024

 

$

161,981

 

Expected for fiscal year 2025

 

 

322,731

 

Expected for fiscal year 2026

 

 

322,579

 

Expected for fiscal year 2027

 

 

322,579

 

Expected for fiscal year 2028

 

 

307,594

 

Expected for fiscal year 2029

 

 

252,656

 

Thereafter

 

 

1,081,717

 

 

$

2,771,837